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07 Jun

UAE billet producers leave the market to imports

Rebar re-rollers in United Arab Emirates have chosen to source billet from Saudi suppliers due to their competitive price advantage. UAE induction furnace-route mills believe semis prices have bottomed and will start to inch up. Therefore, some are preferring to pile up their stocks to offer when prices increase, since current ex-Saudi transaction prices at $493-510/tonne delivered to UAE are far from their target values, Kallanish notes. This week, three UA…
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Burak Odabasi  |  Turkey
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